Wow. so many times it's been explained to you, but still...

Wow. so many times it's been explained to you, but still you don't understand. I'll type slower this time for you.

1. Susquehanna will borrow shares over the next few months ( maybe from Macquarie haha)
2. They sell them on to market, to retail patsies, who think they are getting a bargain, over the coming months. Their aim is to push the SP down. This is called shorting.
3. At the 6mth CN anniversary, they can set the conversion price, at a discount to the then SP.
4. They can convert then if they wish, thereby acquiring shares at a lower price, and then return the ones they had borrowed earlier.
5.They pocket the difference between the SP they sold the borrowed share at, and CN conversion price.
6. Ofcouse this is the simpleton version to help you understand. In reality expect some more sophisticated trading activity to implement this strategy.
7. This is how they make money. Less risky than waiting for 'excellent' trial results...

btw, did you check the massive 'gotcha' that a Change of Control will be triggered on the Warrants, esp if IMU is sold off cheap ??

Your chairman is looking after everyone except retail SHrs !